WCM Investment Management LLC Sells 1,405,786 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

WCM Investment Management LLC cut its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 34.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,704,376 shares of the business services provider’s stock after selling 1,405,786 shares during the quarter. WCM Investment Management LLC owned about 2.12% of Booz Allen Hamilton worth $347,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Westfield Capital Management Co. LP purchased a new position in shares of Booz Allen Hamilton in the third quarter worth about $48,349,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Booz Allen Hamilton by 28.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after purchasing an additional 285,621 shares during the last quarter. FMR LLC raised its stake in shares of Booz Allen Hamilton by 111.6% in the third quarter. FMR LLC now owns 356,828 shares of the business services provider’s stock worth $58,077,000 after purchasing an additional 188,185 shares during the last quarter. KBC Group NV raised its stake in shares of Booz Allen Hamilton by 1,207.8% in the fourth quarter. KBC Group NV now owns 189,899 shares of the business services provider’s stock worth $24,440,000 after purchasing an additional 175,378 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Booz Allen Hamilton by 34.8% in the third quarter. Van ECK Associates Corp now owns 627,446 shares of the business services provider’s stock worth $102,437,000 after purchasing an additional 162,083 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BAH. JPMorgan Chase & Co. reduced their price objective on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their target price on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Monday, February 3rd. StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Moderate Buy” and an average target price of $158.91.

Booz Allen Hamilton Stock Down 1.0 %

Shares of BAH opened at $127.92 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 12 month low of $121.02 and a 12 month high of $190.59. The stock’s 50 day moving average is $133.96 and its two-hundred day moving average is $149.67. The firm has a market cap of $16.20 billion, a P/E ratio of 19.06, a PEG ratio of 1.46 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. Analysts predict that Booz Allen Hamilton Holding Co. will post 6.33 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, February 14th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. Booz Allen Hamilton’s dividend payout ratio (DPR) is 30.40%.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.